Man Exec. Named New Unigestion Hedge Fund Head

Apr 13 2010 | 9:31am ET

Unigestion has a new hedge fund chief—and hopes this one lasts longer the his predecessor.

The Swiss asset manager named Man Group’s Philippe Gougenheim its new head of hedge funds. At the world’s largest publicly-listed hedge fund firm, Gougenheim was a senior fund of hedge funds portfolio manager.

Gougenheim will take up his new post on May 1. Patrick Fenal, CEO of Unigestion, which manages some US$3.1 billion in hedge fund assets, has managed its fund of hedge funds business since the departure last year of Konstantinos Iordanidis, a former Olympia Capital Management executive who lasted just five months on the job.

Fenal will remain active in Unigestion’s hedge fund business, the firm said.

For its part, Man said it had no plans to replace Gougenheim immediately.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.